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Importance of a Deadlock Provision

Importance of a Deadlock Provision

What is a deadlock provision?                Deadlock provisions are often overlooked in the drafting of operating agreements. A deadlock provision is a procedure for resolving disputes and tied votes when the is no majority, such as when you have a two (2) member...
Primer on Business Entity Choices

Primer on Business Entity Choices

Congratulations on making the decision to start a new business! Whether starting a company on your own or with partners, it is important to get ready to make some important decisions. First and foremost, it is essential to choose the right business entity to form....
Cheap Bankruptcy Help May Be Anything But

Cheap Bankruptcy Help May Be Anything But

There is a Spanish saying “lo barato sale caro” that has stuck with me from my time practicing in Miami. I often speak with and take cases over where the debtor filed bankruptcy with an attorney that did not know much about bankruptcy, used a petition preparer, or...
What to Know about Filing an Emergency Bankruptcy

What to Know about Filing an Emergency Bankruptcy

An emergency bankruptcy filing should be avoided at all costs, but sometimes lawsuits, garnishments, and foreclosure sales come as a surprise and an emergency bankruptcy filing is needed before the harm done is irreparable.  An emergency bankruptcy filing is often...
Better to be a Sole Proprietor or LLC?

Better to be a Sole Proprietor or LLC?

While operating as a sole proprietor is a simpler and lower cost than forming a separate entity, there may be some benefits of separate business entity that you may be missing out on. A Sole Member Limited Liability Company is often the go-to entity when sole...
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